If you want to make money in retirement, there are many ways to achieve that. With the broad online job market, you can work from the comfort of your home. The other great thing about remote jobs is that you very often can choose your work schedule. Plus, you can opt for part-time positions. These options are flexible and easy to incorporate into a daily routine. So, today’s topic will provide you with some handy ways to boost your budget during retirement.
9 ways to make money in retirement
Having a shortlist of potential jobs can be helpful. So, that’s why we created the following one to help you out during your job hunt.
#1 E-book writing
You can gather all of your knowledge and skills and combine them into one piece. An E-book can be extremely cash-friendly. There is an awesome self-publishing platform known as Amazon’s Kindle Direct Publishing. It gives you freedom when it comes to writing and publishing.
There is an option for upload and selling. The good thing about e-books is that they can become the source of recurring revenue. You would need to write your e-book only once. After that, you can sell numerous copies online.
Pretty handy, right? If you have your website, you can sell your e-books there too.
There is a payment platform named E-junkie. This software might bring you even more income than Amazon’s one, even if you offer a discount. It’s all a matter of jour interest and skills.
You could be writing about any topic you love. Do you love cooking? That try writing a handy cookbook. Maybe you love traveling now that you finally have more free time? So, you can describe your adventures in a travel guide. Or, you could simply write how-to manuals.
People always need one of those. If you need some side-help, you can find talented people on Fiverr.com. So they could help you out with design and cover art.
#2 Online course
If you have some great experience or a hobby you love, you could monetize that too. You could make a positive impact on other people. So, share your knowledge by creating an online course. Don’t worry if you’re not sure how to do this – there are many free online courses that can show you how to make money this way.
Have in mind you could choose any topic you know a lot about. Cooking, yoga, pet care, you name it. If you already have a blog about a certain topic, you can create a course and sell it on your webshop.
Creating an online course can be time-consuming at first. You will need to make a course plan and organize everything. But, once your digital wonder is ready, you just need to sell it. Maybe you would need to add a few updates here and there.
But, generally, e-books and online courses are a great source of passive income.
#3 Online tutoring
If you want more in-person online action, there is an option. Having the knowledge and wisdom can be beneficial for teaching others. You could opt for some online tutoring and gain a nice amount of income. There are various online tutoring platforms to choose from.
If you would like to share your knowledge with your peers, try GetSetUp. This site offers tutoring older adults in various things. If you a tech-savvy, why not share your tips with others? This site has numerous online classes to offer. Becoming a guide (instructor) on this site can make you earn $25 hourly.
If you wish to tutor students, you can do that too. Sites like TutorMe offer a great option for teaching younger people.
So it’s really up to you to decide what you like the most. Either way, it’s rewarding to share your knowledge with others. Plus, this is a nice way to make money in retirement.
#4 Copy editing
If you love proofreading and editing, you could enjoy this kind of work. You should be detail-oriented and grammar-lover. Also, great knowledge of the English language is necessary. The hourly wage for this kind of work is around $29 to $31.
You might need to be familiar with different writing styles. But, this often depends on the field you’ll be editing. With good grammar knowledge, learning various styles should be a technical thing.
There are numerous freelance sites where you can find editing jobs. Some of them are:
Have in mind, you might need to take the copyediting test before you get the job on some platforms.
Can you type fast? Then you’ll be a great transcriptionist. This job requires fast typing and good listening. Plus, you would probably set your working schedule. The pay is often based on audio length, not typing hours. So, this job is a good choice only if you can type fast.
As for the equipment, you will need high-quality headphones. A nice PC and word processing software are also expected. If you have some side money, invest in a foot pedal. This can ease your control over the recording.
This job also requires some word processing into various file formats. So, it’s always nice if you have previous experience in this field. That would make the transcription job a lot easier.
Blogging is an everlasting field. It doesn’t mind about the age, it just needs great content. So, this could be a nice way to gain income in your retirement. Do you have any hobbies? What are you passionate about? Those are the things you can incorporate into your blog to make money with it. There are many people with the same passion as you. Wouldn’t it be nice to share your experiences?
Building a personal blog doesn’t need much investing. Here are some basic things to consider.
- A domain
- Good hosting site
But, be aware that blogging takes time. It takes time to research, write and edit blog articles. Also, it will take some time until your blog becomes a source of income.
So, prepare to earn little to no money at first. Many people start blogging just for fun. But, as their blog grows, there grows a chance to monetize it.
So, you’ll need to focus on providing high-quality content. That should bring you traffic over time. When you gain readers, you could start monetizing your blog. The most famous way to monetize a blog is through affiliate marketing. For example, Amazon has a great one. Here’s how the affiliate program works:
- You include referral link within your article
- Whenever someone buys stuff through your link, you gain revenue
A good thing about Amazon is that you gain money no matter what someone buys. As long as a person came from your blog and made a purchase, you earn. But, keep in mind that different categories have different commission rates.
So, before starting a blog, do a little research. Just to see if your niche has monetizing potential.
#7 Paid surveys
Did you think that it is possible to make money with paid surveys? Surveys are a great way to earn money easily, without any effort. If you love playing mini-games, surveys are your thing.
Here’s how survey sites work:
- Sign up
- Answer some surveys
- Get paid
Pretty easy, right?
Surveys often pay through PayPal or with gift cards. So, by answering surveys, you also help companies to make better products. Online surveys often offer questions about some products. You can answer surveys from your computer or your cell phone.
So, if you need a way to gain some side money easily, check out survey sites. This is a great way to make money in retirement.
#8 Selling handcrafts
Do you like creating artwork? You could create personalized items, accessories, knitting patterns, enamel pins… These can become a nice source of income. Etsy is an online shop where people sell handcrafted stuff.
You could open your virtual shop and add items you created. Before you create an account, make sure to research your niche a bit. Just to see how these items rank. But, you need to be patient. It will take some time to build up your online shop and gain a positive rating. So, Etsy is a great choice if you already have a hobby.
Handmade crafts are very valuable, as they are unique. So, after some time, you could earn nice royalties on Etsy. You will need to be consistent and post your crafts on your account often. But, it’s very nice there is a way to get rewarded for your hard handcrafted work.
#9 Earn when shopping
There is one sure thing you will be doing – shopping. But, you don’t need to leave your home to do that. The best thing? You could also earn money by shopping online. There are some great cash-back apps available.
For example, Ibotta is one of them. This app allows cash-back for both offline and online shopping. But, you’ll just need to upload a receipt photo and get some of the cashback. You can find this app on Android and iOS platforms.
So, if you want to gain money easily, try out some cash-back apps. They are a nice way to make money in retirement.
The bottom line
There are numerous ways to make money in retirement. Some require more time. But, there are also easy ways to gain income from your home. Be it surveys or making money surfing the web.
So, whatever you choose to do, make sure you enjoy it. Having fun is what’s retirement all about. You worked hard enough. So, now is the time to relax and do jobs when, and if you like them.